Breaking News
Dec 5, 2022
-
Crude oil dropped 3.5% to $77.18 a barrel and natural gas plunged 10% to $5.60 a thermal unit on looming recession worries.
-
The S&P 500 index dropped 1.7% and the Nasdaq Composite index declined 1.9% after rate-path worries resurfaced after the release of goods orders and service sector data.
-
Gitlab Inc soared more than 20% after the software developer said the fiscal third quarter loss narrowed to 33 cents from 62 cents a year ago and sales rose 69% to $113 million.
-
Herbalife Nutrition Ltd plunged 11% after the multi-level marketing company announced an offering of $250 million convertible senior notes due in 2028.
-
OPEC+, a group of 23 oil producing nations, confirmed to cut December production by 2 million barrels a day at its monthly meeting on Sunday.
-
China and Saudi Arabia are expected to announce a security partnership and arms deal after premier Xi Jinping's visit to Riyadh starting December 7th.
-
Chinese cities, including Beijing and Shanghai, begin to roll-back coronavirus restrictions after weeks of protests across the nation.
-
Hourly wages for the U.S. non-farm workers rose at the fastest monthly pace of 0.6% in ten months to $32.83 in November, the Bureau of Labor Statistics said.
-
OPEC and Russia are expected to leave unchanged the production reduction target by 2 million bpd after the meeting on Sunday.
-
Guyana agreed to renew its 2016 50:50 oil production sharing contract with ExxonMobil that pays only 2% royalty to the South American nation.
Dec 4, 2022
Dec 3, 2022